Ivan, the tax losses belong to Arrium the company and effectively therefore the shareholders. Tax losses cannot be sold unless the company that owns the tax losses is actually sold. This is why we must be concerned about a Mirabella type deal being structured by KM and Deutche and pushed through the courts. If this process is pursued by KM, our only hope of retrieving any value as shareholders would be if KM proposal to creditors included some value for the tax losses in the dilution calculation for conversion of debt to equity. You can be assured the banks will be in the driving seat and will ensure shareholders are left at best with the minimum stale crumbs.
Does anybody have access to the sales documents prepared by KM? These docs should give an idea of KM thinking regarding sale structure.
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Last
4.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $34.44M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7 | 4.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.4¢ | 117898 | 4 |
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